Belarus has drafted a bill regulating blockchain 281

The National State TV and Radio Company of the Republic of Belarus announced that the President issued a decree “On the development of digital economy”. This, indeed, appeared to be a revolution in the world IT-ecosystem and is a really outstanding step for the Belarus economy.

«First of all the document aims to create such conditions that would be attractive to world IT-companies. It will be interesting for them to come to Belarus, open their representative offices, development centers and create marketable products», − reports The Press Service of the President.

«The second goal of that decree is to make investments in our future. These are namely IT-specialists and IT-education. The third one is the implementation of brand new financial instruments and technologies», − said Alexander Lukashenko.

Some legal provisions of the English law, introduced in the decree, make it possible for national companies to enter into contracts and establish relationships with foreign partners having a similar legal framework.

It is also expected that many new professions and additional employment in various sectors of the economy will appear. It is now absolutely legal to use tokens in civil circulation and mine cryptocurrency. Notably, tokens and any incomes related to different operations with them are not subject to declaration and are not taxed until January 1st, 2023.

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